Can I retire at age 55 with 8,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$726,696$720,223$713,907$707,743$701,724$680,625
2 years$359,750$353,050$346,557$340,261$334,154$313,075
3 years$237,451$230,722$224,245$218,009$212,001$191,603
4 years$176,314$169,605$163,193$157,063$151,201$131,639
5 years$139,641$132,973$126,645$120,639$114,941$96,269
6 years$115,200$108,582$102,348$96,476$90,949$73,184
7 years$97,749$91,187$85,051$79,318$73,966$57,107
8 years$84,667$78,164$72,130$66,538$61,362$45,398
9 years$74,498$68,056$62,126$56,676$51,675$36,591
10 years$66,367$59,988$54,163$48,855$44,030$29,803
11 years$59,718$53,404$47,684$42,519$37,867$24,473
12 years$54,182$47,932$42,318$37,295$32,815$20,226
13 years$49,501$43,317$37,809$32,925$28,615$16,803
14 years$45,493$39,374$33,971$29,228$25,084$14,018
15 years$42,022$35,969$30,671$26,066$22,086$11,735
16 years$38,987$33,001$27,808$23,339$19,520$9,851
17 years$36,313$30,392$25,304$20,970$17,307$8,289
18 years$33,938$28,084$23,100$18,898$15,389$6,988
19 years$31,816$26,028$21,147$17,076$13,717$5,900
20 years$29,908$24,186$19,407$15,466$12,252$4,989
21 years$28,185$22,529$17,851$14,036$10,964$4,223
22 years$26,620$21,030$16,452$12,762$9,828$3,578
23 years$25,193$19,669$15,191$11,623$8,822$3,034
24 years$23,887$18,428$14,049$10,601$7,929$2,575
25 years$22,688$17,294$13,012$9,681$7,135$2,186
26 years$21,582$16,254$12,068$8,852$6,427$1,857
27 years$20,560$15,296$11,206$8,102$5,795$1,578
28 years$19,613$14,414$10,418$7,423$5,229$1,342
29 years$18,733$13,598$9,695$6,807$4,721$1,141
30 years$17,913$12,842$9,030$6,248$4,266$970
31 years$17,147$12,140$8,419$5,738$3,857$826
32 years$16,431$11,487$7,855$5,273$3,489$703
33 years$15,760$10,878$7,334$4,849$3,157$598
34 years$15,129$10,310$6,852$4,462$2,859$509
35 years$14,536$9,779$6,407$4,107$2,589$433
36 years$13,976$9,281$5,993$3,783$2,346$369
37 years$13,449$8,815$5,609$3,485$2,126$314
38 years$12,950$8,378$5,253$3,212$1,928$267
39 years$12,478$7,966$4,922$2,962$1,748$228
40 years$12,031$7,579$4,613$2,732$1,585$194
41 years$11,607$7,215$4,325$2,521$1,438$165
42 years$11,204$6,871$4,057$2,326$1,305$141
43 years$10,820$6,547$3,807$2,147$1,185$120
44 years$10,456$6,240$3,574$1,983$1,075$102
45 years$10,108$5,951$3,356$1,831$976$87
46 years$9,777$5,677$3,152$1,691$886$74
47 years$9,460$5,417$2,961$1,563$805$63
48 years$9,158$5,172$2,783$1,444$731$54
49 years$8,869$4,939$2,615$1,335$664$46
50 years$8,592$4,718$2,459$1,233$603$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $8,800,000, adding $3,753 every year, while hoping to spend $22,473 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 51/19/30 Blend
54$8,800,000$8,800,000$8,800,000$8,800,000
55$9,701,471$9,235,071$9,098,671$10,113,830
56$10,667,110$9,663,679$9,379,566$10,831,038
57$11,730,491$10,112,535$9,669,117$11,607,970
58$12,901,560$10,582,608$9,967,591$12,452,422
59$14,191,276$11,074,913$10,275,263$13,370,840
60$15,611,717$11,590,514$10,592,415$14,370,313
61$17,176,191$12,130,527$10,919,339$15,458,632
62$18,899,361$12,696,122$11,256,335$16,644,365
63$20,797,387$13,288,523$11,603,713$17,936,935
64$22,888,076$13,909,016$11,961,793$19,346,704
65$25,191,049$14,558,948$12,330,903$20,885,070
66$27,727,931$15,239,731$12,711,383$22,564,574
67$30,522,547$15,952,845$13,103,582$24,399,010
68$33,601,155$16,699,842$13,507,860$26,403,555
69$36,992,688$17,482,350$13,924,588$28,594,910
70$40,729,030$18,302,073$14,354,150$30,991,454
71$44,845,316$19,160,800$14,796,939$33,613,412
72$49,380,264$20,060,404$15,253,362$36,483,044
73$54,376,540$21,002,853$15,723,839$39,624,849
74$59,881,159$21,990,205$16,208,800$43,065,798
75$65,945,934$23,024,622$16,708,691$46,835,577
76$72,627,958$24,108,367$17,223,970$50,966,869
77$79,990,147$25,243,815$17,755,111$55,495,653
78$88,101,836$26,433,455$18,302,601$60,461,544
79$97,039,426$27,679,897$18,866,941$65,908,157
80$106,887,114$28,985,878$19,448,650$71,883,518
81$117,737,680$30,354,267$20,048,260$78,440,509
82$129,693,368$31,788,071$20,666,322$85,637,363
83$142,866,850$33,290,444$21,303,402$93,538,208
84$157,382,286$34,864,694$21,960,084$102,213,666
85$173,376,502$36,514,287$22,636,969$111,741,512
86$191,000,277$38,242,859$23,334,679$122,207,405
87$210,419,767$40,054,221$24,053,853$133,705,685
88$231,818,075$41,952,369$24,795,149$146,340,262
89$255,396,979$43,941,495$25,559,246$160,225,583
90$281,378,834$46,025,992$26,346,845$175,487,711
91$310,008,677$48,210,468$27,158,666$192,265,503
92$341,556,534$50,499,752$27,995,453$210,711,912
93$376,319,972$52,898,911$28,857,971$230,995,423
94$414,626,907$55,413,256$29,747,012$253,301,638
95$456,838,702$58,048,356$30,663,387$277,835,010
96$503,353,576$60,810,052$31,607,937$304,820,770
97$554,610,362$63,704,466$32,581,525$334,507,042
98$611,092,655$66,738,020$33,585,041$367,167,170
99$673,333,370$69,917,448$34,619,405$403,102,291
100$741,919,781$73,249,810$35,685,561$442,644,164